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Morgan Stanley will price trigger PLUS due 2020 tied to S&P 500 index
By Devika Patel
Knoxville, Tenn., March 3 – Morgan Stanley Finance LLC plans to price 0% trigger Performance Leveraged Upside Securities due March 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 125% of any gain in the index.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% trigger level.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61766BAA9) will price on March 28 and settle on March 31.
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